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www.read-tpt.comNovember
2013
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Initial production at a rate of 1 million metric tons per year is
projected to rise to 3 million mtpy in the second full year of
operations. Output from the project, owned and operated by
TSMC, is shipped as pellets and sinter fines to Tata Steel’s
European units, formerly without a captive source of iron
ore.
A sector analyst with a global investment firm told
The Hindu
that Tata Steel could realise significant cost savings from a
consistent supply of Canadian ores, improving its chances of
profitability in Europe.
›
Strong local demand was cited by Tokyo Steel for its
decision to raise prices on two
products for September delivery by
about 3 per cent. Heavy plates and
hot-dip galvanised steel coils are now
at $706 and $839 per metric ton (pmt),
respectively.
Kiyoshi Imamura, the managing
director of Japan’s top producer of
construction steel, told reporters in
Tokyo (19 August), “Local construction
demand for heavy plates and hot-dip
galvanised coils has clearly picked up
and supply of these products looks
tight.”
Given the high output in the April-
June quarter of some other products,
Mr Imamura said their prices remain
unchanged. H-beams, the company’s
main product, still go for $757pmt,
hot-rolled coils for $634pmt.
Tokyo Steel’s pricing is closely
watched by competitors intent on
boosting their exports to Japan. These
include POSCO and Hyundai Steel
Co, both South Korean, and China’s
Baosteel.
›
Despite sluggish demand, some
US steelmakers have been raising
their spot-market prices in an effort to
boost profits and revenue. Effective
with 1 October shipments, AK Steel
(West Chester, Ohio) declared a rise
of $25 per ton in the spot price of its
200, 300 and 400 series flat rolled
stainless steel products. The new
per-ton prices are: $675 (hot rolled);
$775 (cold rolled); $795 (hot dipped
galvanised).
The move came on the heels of a rise
on the same products, by a minimum
of $40 per ton, announced in mid-
June. Poised to gain from healthy
automotive demand, AK Steel also
said that base prices for its automotive
exhaust grades would be increased
by two to four cents a pound.
Energy
Electricity companies are
expected to account for 67 per
cent ($7 billion) of IT spending by
Western European utilities in 2013
Western Europe Utilities Industry IT Spending 2012-2017
Forecast,
a report from IDC Energy Insights, indicates that
the outlay by that industry for information technology (IT) will
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